# Bank of England raises rates to 4% for first time in more than three years

https://mins.news/en/item/130614

- The Guardian, 2026-11-05 12:00 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/nov/05/bank-of-england-raises-interest-rates-first-increase-for-more-than-three-years

> The Bank of England raised its base rate from 3.75% to 4% to tackle rising inflation, which the Iran war has intensified by driving up energy costs. It expects UK inflation to reach 4.9% by the middle of next year. Governor Andrew Bailey said another increase remains possible if the Middle East conflict continues, but the move does not signal an inevitable run of rate rises.

## Related coverage

- [Bank of England sees case for another rate hike if Iran war continues](https://mins.news/en/video/131129) — Bloomberg Television, 2026-11-05
- [Instant view: Bank of England delivers first rate hike in three years, gilt yields rise](https://mins.news/en/item/130965) — Reuters, 2026-11-05
- [Bank of England raises main rate to 4% as Iran war fuels inflation](https://mins.news/en/item/130620) — The Associated Press, 2026-11-05
- [Bank of England raises rates for first time in more than three years](https://mins.news/en/item/131741) — CGTN, 2026-11-05